DC METRO REAL ESTATE

Serving the Real Estate needs of the communities of Manassas, Bristow, Haymarket, Warrenton, Gainesville and Culpeper  in Northern Virginia


Dave Scardina  
Broker / Owner

703-829-SOLD

866-909-0900

Haymarket Real Estate Values

Qualifying the Buyer for your Haymarket Property


Either you or your agent will want to weed out potential buyers who cannot afford to purchase your Haymarket home. Items to investigate include the buyers debt and credit history, current income and employment, the availability of cash for a down payment, the time the buyer needs before closing on the home and the buyers level of interest in your home as compared to other properties.


Haymarket Real Estate...Homeowners Insurance


Haymarket real estate Insurance costs can vary by hundreds of dollars depending on the insurance company from which you buy your policy. There are different types of policies that differ in the amount of coverage they provide. The most popular type is called HO-3. This kind of policy offers Area property protection and liability insurance. Haymarket real estate or property protection means that you will be reimbursed for losses or damages to the house and its contents. Liability Insurance protects you against personal liability, medical payments for injuries to others and damage to other peoples property. There are policies with more extensive coverage and are usually called deluxe or executive policies. If you do major remodeling to your home, make sure you upgrade your coverage. If you have an office in your home, you might want to consider special insurance for your computer equipment.

Haymarket Home Inspection


The purpose of a thorough home inspection is to ensure that Haymarket home buyers know exactly what a homes condition is prior to completing the transaction. A good Haymarket home inspection should include an evaluation of the foundation, framing, roofing, site drainage, attic, plumbing, heating, electrical system, fireplaces, chimneys, pavement, fences, stairs, decks, patios, doors, windows, walls, ceilings, floors and built-in appliances. All significant or pertinent findings should be reported in writing to the prospective Haymarket homebuyer. The home inspection report gives the Haymarket homebuyer the information he or she needs to determine whether to buy the property as is or to ask the seller to make repairs.

In most cases, when an Haymarket homebuyer makes repair requests, sellers usually agree to some if not all of the conditions.

Haymarket Real Estate Title Insurance


Buying a new home is the single largest financial investment for most families but there are risks. What if the seller doesnt really own the home? What if there are mortgages, judgements or liens against the property? What if the property taxes have not been paid for several years? Haymarket real estate Title insurance protects you against these types of risks and against the risks of human error. It is your basic home ownership protection.

Haymarket Title insurance protects you against future losses arising out of events that have happened in the past. Unlike other types of insurance, title insurance is paid when the policy is issued and is good for the life of the policy. The premium required is based on the amount of the sale or the mortgage.


Buying Haymarket Real Estate...Will it Pay?


A frequent question from prospective homebuyers relates to building home equity. Haymarket buyers like to estimate how much a home may increase in value based upon past appreciation. One of the many advantages of home ownership is that appreciation is based on the homes market value rather than on the actual dollar amount invested or the down payment so that a $100,000.00 home that appreciates 5% is now worth $105,000.00. This is one way of building your Haymarket home equity but there is more you can do.


When Haymarket Does Not Sell


The number one, main reason why a home remains on the market is PRICE. There can be other problems as well such as the homes condition or location and even overall market conditions but the major reason for the NO SALE sign is the Haymarket is over priced. In fact, proper pricing will often overcome most all obstacles.

Some people prefer to buy Haymarket that needs some work if the price is right. Investors look at the property, evaluate the cost of brining it up to speed and make an offer if they feel they can make a quick profit. These kinds of investors are looking to fix and flip. Others with limited budgets may see the fixer-upper as a way to get started with Haymarket ownership. They may spend years working on improving the home, making improvements as they can afford it. So, a homes poor condition will not prevent a sale if the price reflects the situation.